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Is Texas Instruments (TXN) Stock Outpacing Its Computer and Technology Peers This Year?
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Investors focused on the Computer and Technology space have likely heard of Texas Instruments (TXN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Texas Instruments is one of 625 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TXN is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TXN's full-year earnings has moved 2.80% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TXN has returned 3.85% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.33% on average. This shows that Texas Instruments is outperforming its peers so far this year.
Looking more specifically, TXN belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #88 in the Zacks Industry Rank. This group has gained an average of 12.27% so far this year, so TXN is slightly underperforming its industry in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to TXN as it looks to continue its solid performance.
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Is Texas Instruments (TXN) Stock Outpacing Its Computer and Technology Peers This Year?
Investors focused on the Computer and Technology space have likely heard of Texas Instruments (TXN - Free Report) , but is the stock performing well in comparison to the rest of its sector peers? Let's take a closer look at the stock's year-to-date performance to find out.
Texas Instruments is one of 625 companies in the Computer and Technology group. The Computer and Technology group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. TXN is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for TXN's full-year earnings has moved 2.80% higher. This is a sign of improving analyst sentiment and a positive earnings outlook trend.
Based on the most recent data, TXN has returned 3.85% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 10.33% on average. This shows that Texas Instruments is outperforming its peers so far this year.
Looking more specifically, TXN belongs to the Semiconductor - General industry, which includes 8 individual stocks and currently sits at #88 in the Zacks Industry Rank. This group has gained an average of 12.27% so far this year, so TXN is slightly underperforming its industry in this area.
Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to TXN as it looks to continue its solid performance.